May 23, 2012

You probably heard that the U.S. credit rating was downgraded recently. But even with a step down we're still among the highest rated nations. Check out the following graphic gizmo from Chartbin.com to see how our nations credit rating compares to other countries around the world:

I find it is hard to trust investment rating and agencies. There has been so many scandals...

The other thing it is just to keep money within the country, for example the pension funds can only invest in funds with "high grade". Rating of any company could not be higher than sovereign rating of the country.

It is just another way to harvest the money in the right direction. All of a sudden highly criticized China in the western media receives high grade rating ?

I guess it is tail wagging the dog. It is too late to invest in China, people should have done it 10-15 years ago..but then it did not have high grade rating ; -)

I'm starting to get too many spam messages in the comments so I'm turning on moderation. Please be patient and wait for your comment to be approved. Note it may take up to a few days for approval, thanks. I've also had to remove anonymous posting of comments to cut down on spam and pure stupidity.

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